Tag Archives: Trending News

The much-awaited Mt. Gox repayment process has begun, with the defunct exchange’s bankruptcy estate moving 47,282 bitcoins, with 140,000 pledged to satisfy creditors. That transaction signals the start of this process, and Mt. Gox’s creditors can witness the assets reaching their wallets in the following days at best. Some may receive it 60-90 days from now, although that timeline is believed to be the worst-case scenario. This repayment process was confirmed last month by Mt. Gox through a...

In a report released by Bybit on June 4, memecoins have become highly likeable assets for institutions on its platform, reflecting the same elsewhere. Beyond the attractive characters that retail users get behind, meme coins represent the ability to multiply wealth quickly, especially during bull runs. Institutions are all for it. According to the report, institutional interactions with memecoins through spot holdings were up by 226% in March, taking their holdings to a whopping $204 million....

A new bill made its way to the Senate that could foster the grounds for unfair treatment of open-source, decentralized protocols. The Intelligence Authorization Act of Fiscal Year 2025 was passed by the Senate State Committee and was approved unanimously. Section 423 of this bill concerns crypto and decentralized protocols as it uses language to cover assets and dApps extensively, providing the impetus to sanction them if they interact with illicit wallets and funds. The bill uses the term...